Hitachi Energy India (POWERINDIA) Q4 24/25 earnings summary

Executive summary

• Achieved record order backlog of INR 19,245.9 crore as of March 31, 2025, reflecting sustained growth momentum and robust demand across core segments, including major wins in transmission, renewables, rail, and ports.

• FY 2024-2025 marked the company's 75th year in India, with a successful QIP raising INR 2,520.82 crore and significant manufacturing expansions, including India's first Variable Shunt Reactor.

• Achieved strong year-end performance with double- and triple-digit growth in orders, revenue, and profitability year-over-year and quarter-over-quarter.

• Focused on operational efficiency, safety, and sustainability, achieving 100% fossil-free electricity and significant reductions in workplace incidents and environmental impact.

• Board recommended a final dividend of ₹6 per share (300% of face value), subject to shareholder approval.

Financial highlights

• FY25 orders surged 228% year-over-year to INR 18,173.8 crore; order backlog at year-end was INR 19,245.9 crore, ensuring strong revenue visibility.

• Q4 FY25 orders grew 56% year-on-year to INR 2,190.9 crore; revenue up 13.1% year-on-year to INR 1,921.9 crore.

• FY25 revenue rose 23% year-over-year to INR 6,475.4 crore; Q4 PAT up 61.8% year-on-year to INR 183.9 crore.

• FY25 PBT grew 133% year-over-year to INR 516.4 crore; PAT up 134% to INR 384 crore; EPS for FY25 was ₹43.15.

• Operating EBITDA margin improved to 12.3% in Q4FY25; full-year operational EBITDA was INR 592.3 crore, up 69% year-over-year.

Outlook and guidance

• Anticipates continued growth momentum in FY 2025-2026, leveraging a strong order backlog and expanding into emerging segments like data centers, BESS, and energy storage.

• Plans to maintain double-digit margins on a full-year basis, with some quarterly variability expected.

• CapEx to increase significantly, with INR 2,000 crore planned over the next 4–5 years for capacity expansion across all business lines.

• Emphasis on exports, digital transformation, and operational excellence for future growth.